Canadian Prime Minister Mark Carney has moved forward with a long-awaited B.C. pipeline plan meant to carry more than one million barrels of oil per day from Alberta to Asian markets. The Eby pipeline route, running through southern British Columbia, is designed to ease Canada’s growing energy crisis and reduce the country’s dependence on a single export buyer. Background For decades, Canada has shipped the overwhelming majority of its crude oil to just one customer, the United States. That single-buyer arrangement left Alberta’s oil producers accepting steep price discounts, since…
Read MoreCarney Advances B.C. Pipeline Deal to Break Canada’s Reliance on U.S. Oil Buyers
